Urban Grid
Urban Grid is a utility-scale solar PV and battery storage developer and independent power producer operating across 12-13 U.S. states, serving utilities, large corporate offtakers, and institutional investors through long-term PPAs and project sales as a wholly-owned Brookfield Renewable platform.
- Company typePrivate
- Founded2011
- HeadquartersStevensville, United States
- Headcount101–250
- GTM typeB2B
- OfferingServices
What Urban Grid does
Urban Grid is a utility-scale solar photovoltaic and battery energy storage system (BESS) developer that operates as an independent power producer (IPP), headquartered in Houston, Texas at the TotalEnergies Tower (with operational roots in Richmond, Virginia where it was founded in 2010-2011). The company is wholly owned by Brookfield Renewable following a $650 million acquisition in January 2022, and is governed as Urban Grid Solar Projects, LLC.
The business spans the full project lifecycle — site identification and land control, interconnection strategy and engineering, permitting, offtake execution, construction, and long-term asset management. Its development pipeline exceeds 10 GWac of solar PV and approximately 2.4-3.7 GWac of co-located and stand-alone storage across 12-13 U.S. states in the Southeast, Mid-Atlantic, Midwest, and Southwest. Technical differentiators include transmission and interconnection expertise grounded in utility and RTO backgrounds, advanced engineering tools for project siting, and a proprietary agrivoltaics program that integrates pollinator-friendly vegetation and dual-use agriculture on project sites. Operating assets include Crystal Hill Solar (65 MW, Halifax County, Virginia) and four additional projects commissioned since the company formalized its IPP transition in 2023.
Urban Grid monetizes through three streams: development gains on the sale of completed or near-completed projects to utilities and institutional investors; recurring long-term PPA revenue and REC monetization from owned and operated assets; and development-stage debt financing. Customers include investor-owned utilities (Dominion Energy acquired 240 MWac of projects), large corporate offtakers (Meta, Microsoft, Shell Energy North America), and institutional investors (Brookfield Renewable, NextEnergy Capital, BCI, Norges Bank Investment Management via Northview Energy). Landowners serve as upstream input partners through lease and option agreements. The company operates a sales-led enterprise GTM with multi-year PPAs (10-25 year terms) and direct business development targeting corporate sustainability and utility procurement teams.
Urban Grid firmographics
Firmographics- Name
- Urban Grid
- Legal name
- Urban Grid Solar Projects, LLC
- Website
- https://urbangridsolar.com
- Company type
- Private
- Founded year
- 2011
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Urban Grid is a utility-scale solar PV and battery storage developer and independent power producer operating across 12-13 U.S. states, serving utilities, large corporate offtakers, and institutional investors through long-term PPAs and project sales as a wholly-owned Brookfield Renewable platform.
- Ownership category
- akta.pro rank
Urban Grid industry classification
Industry- Product category
- Utility-Scale Solar Energy Development
- NAICS
- Solar Electric Power Generation (221114), Electric Power Generation (22111)
- SIC
- Electric Services (4911)
- akta.pro primary industry
- Utility-Scale BESS Project Development & Ownership (IPP/Developer) (EUAFAAAA)
- akta.pro secondary industries
- BESS Grid Interconnection, System Studies & Grid Code Compliance (EUAFAAAJ), Utility-Scale BESS EPC & Integration (EUAEAEAA)
Keywords
Where Urban Grid is headquartered
LocationHeadquarters
- HQ city
- Stevensville
- HQ country
- United States
- HQ region
- North America
Offices4 records
Markets served
Urban Grid business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Infrastructure, Operations, Supply Chain, Technology or R&D, Marketing or Sales
Revenue model
- Project Development & Sale: Develop utility-scale solar and storage projects through full development process (site acquisition, interconnection, permitting, offtake execution) and sell completed projects to utilities, corporations, or investors
- Independent Power Producer (IPP) Operations: Own and operate completed solar and storage facilities, generating revenue from long-term power purchase agreements (PPAs) with utilities and corporate buyers. Revenue realized through electricity sales and renewable energy credit (REC) monetization
- Development Financing: Access debt financing to fund late-stage project development, with financing repaid upon project sale or refinancing
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Utility-scale solar PPAs typically 12-20 years in tenor |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels5 records
Urban Grid product offering
Product offeringCore offering
Urban Grid develops, builds, owns, and operates utility-scale solar photovoltaic (PV) and battery energy storage system (BESS) projects across the United States. The company delivers projects through full lifecycle services including site acquisition, interconnection, permitting, offtake execution, construction, and asset management, generating revenue through long-term power purchase agreements (PPAs) with utilities and corporate buyers as an independent power producer (IPP).
Product overview
Urban Grid is a leading independent power producer (IPP) offering a unified platform of utility-scale solar and energy storage solutions. The core offerings include Solar PV Project Development (over 10 GWac pipeline), Energy Storage Solutions (2.4 GWac), and Interconnection & PV Engineering Services. The company operates assets like the Crystal Hill Solar facility and has expanded into agrivoltaics to integrate agriculture with solar development. Urban Grid, acquired by Brookfield Renewable in 2022, operates across 13 U.S. states with a delivery-focused approach from site acquisition through construction and asset management.
Differentiator
Problem solved
Functional benefit
Products and services
- Solar PV Project Development
- Battery Energy Storage Solutions
- Interconnection & PV Engineering Services
- Corporate PPA Offtake (VPPA and Retail PPA)
Quantifiable outcome
- 577,101 tons of CO2 emissions offset annually per Colonial Trail West project (150 MWac)
- +4 more outcomes
Companies that use Urban Grid
Customer profileNamed customers4 records
Segments4 records
Ideal customer profiles4 records
Urban Grid technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Urban Grid partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and minor.
- Sustain Our Future Foundation (SOFF)coreUrban Grid partnered with SOFF and Microsoft to launch a $750,000 community investment initiative in four project communities. Initiative delivers energy solutions and drives community impact through workforce development and local economic programs.
- Nomura Greentech and OrrickminorAdvisory firms engaged for the Brookfield Renewable acquisition transaction. Nomura Greentech advised Urban Grid; Sidley Austin advised Brookfield Renewable.
- American Clean Power, SEIA, PJM, State AssociationsminorUrban Grid is member and supporter of renewable industry associations and clean energy advocacy organizations in each market where projects are developed. Actively participates in policy working groups, regulatory proceedings, and utility working groups.
- Chesapeake Bay FoundationminorUrban Grid is Presenting Sponsor of Bands in the Sand (2023, 2024) and sponsor of DC on the Half Shell oyster restoration event. Supports CBF's work to achieve clean water and healthy environment across Chesapeake Bay watershed where many Urban Grid projects reside.
Scale indicators13 records
Recent moves6 records
Expansion highlights6 records
Urban Grid competitors and assessment
Company assessmentDirect peers
- Apex Clean Energy: U.S.-based developer of utility-scale wind, solar, and storage projects — competes for similar utility RFPs and corporate offtake with comparable development-stage pipeline scale.
- Invenergy: Chicago-based privately held developer, owner, and operator of utility-scale renewable energy projects (solar, wind, storage) across the U.S. — direct competitor for siting, interconnection, and corporate/utility PPAs in overlapping PJM and Southeast markets.
- EDP Renewables North America: Subsidiary of EDP that develops and operates utility-scale wind and solar in the U.S. — comparable utility-scale developer/owner with similar GTM targeting utilities and corporates; also a prior employer of Urban Grid's General Counsel.
- Clearway Energy Group: Owns and operates one of the largest renewable energy portfolios in the U.S. (solar, wind, storage) — directly comparable IPP/developer model with corporate and utility PPAs across multiple ISOs.
- Hecate Energy: U.S. utility-scale solar and storage developer with multi-GW pipeline across PJM, MISO, and ERCOT — comparable in scale, technology mix (PV+BESS), and GTM targeting corporate and utility offtakers.
- Pine Gate Renewables: National utility-scale solar and storage developer with GW-scale pipeline across multiple U.S. ISOs — directly competes for interconnection positions, land, and corporate PPAs in overlapping markets.
- Avantus (formerly 8minute Solar Energy): U.S. utility-scale solar PV and storage developer with large development pipeline and operational assets — comparable developer-to-IPP model focused on corporate and utility offtake structures.
Emerging players
- Longroad Energy: U.S. renewable energy developer and operator focused on utility-scale solar, wind, and storage — comparable developer-to-IPP model with smaller operational footprint but overlapping target markets.
Broad incumbents
- NextEra Energy Resources: Largest U.S. utility-scale renewable developer and operator (subsidiary of NextEra Energy) — overlaps with Urban Grid's IPP/developer model but at much greater scale and with broader technology and geographic footprint.
- Engie North America: Subsidiary of global utility Engie developing and operating utility-scale renewables in the U.S. — comparable IPP/developer activities as part of a broader portfolio of generation assets.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks7 records
Key highlights7 records
Customer concentration
Urban Grid social profiles
Digital presenceUrban Grid financial estimates
Financial estimateRevenue estimate
Valuation estimate
Urban Grid leadership team
Management profileNumber of profiles
Profiles8 records
Urban Grid funding detail
Funding detailFunding overview
Funding rounds2 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Urban Grid M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Urban Grid
What does Urban Grid do?
Urban Grid develops, builds, owns, and operates utility-scale solar photovoltaic (PV) and battery energy storage system (BESS) projects across the United States. The company delivers projects through full lifecycle services including site acquisition, interconnection, permitting, offtake execution, construction, and asset management, generating revenue through long-term power purchase agreements (PPAs) with utilities and corporate buyers as an independent power producer (IPP).
Is Urban Grid a public or private company?
Urban Grid is a private company. It is classified as corporate owned and is currently operating.
When was Urban Grid founded?
Urban Grid was founded in 2011. It employs 101 to 250 people.
Where is Urban Grid based?
Urban Grid is headquartered in Stevensville, United States, in the North America region.
How does Urban Grid make money?
Three revenue lines are on record. Project Development & Sale is the primary driver. The others are independent Power Producer (IPP) Operations and development Financing.
Who are Urban Grid's main competitors?
Direct peers on record are Apex Clean Energy, Invenergy, EDP Renewables North America, Clearway Energy Group, Hecate Energy, Pine Gate Renewables and Avantus (formerly 8minute Solar Energy). Longroad Energy is listed as an emerging player. Broad incumbents are NextEra Energy Resources and Engie North America.
Does Urban Grid have an API?
No public API is recorded for Urban Grid.
What industry is Urban Grid in?
Urban Grid's product category is Utility-Scale Solar Energy Development. Its primary akta.pro industry code is EUAFAAAA, Utility-Scale BESS Project Development & Ownership (IPP/Developer), with a secondary code of EUAFAAAJ, BESS Grid Interconnection, System Studies & Grid Code Compliance. Its NAICS code is 221114 and its SIC code is 4911.